Jamie Dimon: I ‘Regret’ Calling Bitcoin a Fraud
blogs.wsj.com
blogs.wsj.com
Randolph Duke: "Now, some of our clients are speculating that the price of gold will rise in the future. And we have other clients who are speculating that the price of gold will fall. They place their orders with us, and we buy or sell their gold for them."
Mortimer Duke: "Tell him the good part."
Randolph Duke: "The good part, William, is that, no matter whether our clients make money or lose money, Duke & Duke get the commissions."
Plus ça change.
most reasonable people would prefer to stay silent but JP Morgan plays the "bad boy bank" role with gusto, second only to Goodman Sachs. both organizations openly break the law while eating the fines as an operating expense, bet against their own clients and ensnare nation states in unpayable debt with what most laypeople would think is unbelievable power and control.
compare that to a few choice words in an unregulated wild west market and perhaps id be stupid not to think it was intentional.
his reversal seals it for me. (unless this is yet more strategy on his part)
Bitcoin has done nothing, but increase in value since then. If JD was trying to spread FUD in order to buy cheap....that clearly didn't work. No one in the Bitcoin space gives a shit what that guy says.
Edit: The paywall version has a different beginning than the full version wtf.
1. Notice the value in it.
2. Come out publicly dismissing it as a "bubble".
3. Acquire a position.
4. Come out publicly refuting your initial claim as a "bubble".
It's called stacking.